BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) Sees Large Growth in Short Interest

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 13,000 shares, an increase of 91.2% from the August 31st total of 6,800 shares. Based on an average daily volume of 51,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund

Institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. boosted its holdings in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 14.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,383 shares of the company’s stock worth $150,000 after purchasing an additional 2,138 shares during the last quarter. Heron Bay Capital Management boosted its holdings in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 1.2% during the 2nd quarter. Heron Bay Capital Management now owns 749,245 shares of the company’s stock worth $6,631,000 after purchasing an additional 9,055 shares during the last quarter. Shaker Financial Services LLC boosted its holdings in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 157.5% during the 2nd quarter. Shaker Financial Services LLC now owns 64,369 shares of the company’s stock worth $570,000 after purchasing an additional 39,376 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund during the 1st quarter worth approximately $395,000. Finally, Choreo LLC acquired a new position in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund during the 1st quarter worth approximately $422,000.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Trading Up 0.7 %

DCF stock traded up $0.06 during trading on Friday, hitting $9.22. The stock had a trading volume of 20,137 shares, compared to its average volume of 40,165. BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund has a twelve month low of $7.47 and a twelve month high of $9.22. The company’s 50-day moving average price is $9.04 and its two-hundred day moving average price is $8.79.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Wednesday, October 9th.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Company Profile

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc operates as a closed-end investment fund. The fund’s investment objective is to seek high current income and to invest in credit instruments and other investments. The company is headquartered in New York, NY.